To maximise the value of cash, it is important to understand, accurately, how much access to cash your clients require over the next 12 months.
When this is understood, people tend to invest more, because they realise they are keeping too much on deposit, born out of the security of not running out of available cash.
So, the first question is:
"How much does your client need to have available over the next 12 months?"
This amount of money, and maybe a little extra, should be kept on Instant Access, and be placed into the highest interest bearing Instant Access Account.
The balance, for the best return on cash, can then be spread in equal amounts to the amount on Instant Access, over Fixed Term accounts,up to a maximum of 5 years.
This will deliver the best possible return on cash and this is also the best way to get the maximum level of FSCS protection on cash held on deposit.
"The best return that is available on cash is the return that an investment portfolio should aim to exceed!"
Not the return produced by dormant accounts.